Parity doesn't know the ETA of $164M issue fix

According to new statement of well known Ethereum Multi-Sig Wallet, "there is no timeline" for proposal that can defroze users' funds
16 November 2017   696

The team of well known Ethereum wallet released new statement, reegarding the frozen funds. It is worth noting that frozen funds are estimated for $164M.

Parity is working on several proposals to improve the Ethereum platform (EIP), which could unlock the funds. But so far no time can be called for when such a proposal for improvement can be implemented.

We deeply regret the situation and we are working hard on several Ethereum improvement proposals(EIPs), both contributing to previously existing ones and suggesting new ones that have the potential to unblock funds. These improvement proposals will also address general cases of blocked funds.
There is no timeline for when such an improvement proposal could be implemented; we will follow the will of the community and go through the regular EIP process like any other protocol improvement. Parity Technologies will handle much of the development work around these proposals and work constructively with the Ethereum Foundation team and the community towards further protocol layer development. We are committed to the continued development of Ethereum.

Parity Team

As a result of the activation of the vulnerability on November 6, funds were blocked on 587 wallets for a total of 513774.16 ETH.

Among the victims there were 16 major ICO: Polkadot, ICONOMI, Musiconomi, Moeda, Centrality and others.

Parity to Update After Critical Bug Discovered

The bug could affect about 30% of the participants in the Ethereum network
07 June 2018   287

In a test environment, which is used by Paity, a critical error was detected and fixed. This is reported by Coindesk.

As noted by representatives of Parity Technologies, when the software was launched, synchronization hasn't started, as a result  other network participants could not recognize their transactions. The vulnerability was found in the testnet, but there was a possibility of its spread to the entire network Ethereum.

Parity urged all users to update the software to a new revised version.

It is assumed that the bug could affect about 30% of the participants of the Ethereum network, which use software from Parity. Representatives of the company claim that it was patched before reaching the node of Ethereum's network. However, network members had to update the software to eliminate the vulnerability.

Several companies, including the Bitfly Mining Pool, have already said they updated their software to a new version (1.10.6-stable or 1.11.3-beta), but the bug can still complicate the work of the blockchain with the Parity software, including for Ethereum Сlassic (ETC ) users.

The bug is related to a part of the code from EIP 86.

We missed a conditional check in our code that caused full node Parity to accept a block containing invalid transactions.

Wei Tang
Developer, Parity

EIP 86 was planned to be used to update Ethereum last year, in particular for integration into the "account abstraction" blockchain system, which will allow transactions without the sender's signature. A full update was postponed due to its complexity, but its code was added to the Parity client.